§ 1804.3. — 1804.3. (Amended (as amended by Stats. 1981, Ch. 107, Sec. 4) by Stats. 1982, Ch. 129, Sec. 4.)

California § 1804.3.

• Jurisdiction: California
• Code CIV: Civil Code - CIV
• Div. 3.: DIVISION 3. OBLIGATIONS
• Title: 2.
• Part 4.: TITLE 2. CREDIT SALES
• Ch. 1.: CHAPTER 1. Retail Installment Sales
• Art. 4.: ARTICLE 4. Restrictions on Retail Installment Contracts

Text

(a)
No contract other than one for services shall provide for a security interest in any goods theretofore fully paid for or which have not been sold by the seller.
(b)
Any contract for goods which provides for a security interest in real property where the primary goods sold are not to be attached to the real property shall be a violation of this chapter and subject to the penalties set forth in Article 12.2 (commencing with Section 1812.6).
(c)
This section shall become
operative October 1, 1982.

Legislative History

Amended (as amended by Stats. 1981, Ch. 107, Sec. 4) by Stats. 1982, Ch. 129, Sec. 4. Effective March 25, 1982. Section operative October 1, 1982, by its own provisions, or sooner as prescribed by Sec. 13 of Ch. 129.